$TAO – Price pushing into resistance, momentum slowing
Trading Plan (Short)
Entry: 295 – 305
SL: 315
TP1: 288
TP2: 280
TP3: 270
$TAO is currently trading around 295.11, approaching the 310.91 resistance after a strong move up from lower levels. The 1H structure shows momentum beginning to slow as price nears resistance, with weaker follow-through on recent candles.
When price rallies into a key resistance zone and starts to stall, it often leads to a pullback. A rejection here could push price back toward the 287.51 support zone and potentially lower.
Trade $TAO here 👇
TAOUSDT
Perp
271.98
-3.61%